Sanmina Fiscal Q4 Non-GAAP Earnings Rise, Sales Decline -- Shares Advance After Hours

MT Newswires Live11-05

Sanmina (SANM) reported fiscal Q4 non-GAAP earnings late Monday of $1.43 per diluted share, up from $1.42 a year earlier.

Three analysts polled by Capital IQ expected $1.27.

Net sales for the quarter that ended Sept. 28 was $2.02 billion, down from $2.05 billion a year earlier. Three analysts surveyed by Capital IQ expected $1.96 billion.

The company expects fiscal Q1 non-GAAP earnings of $1.30 to $1.40 per diluted share. Three analysts surveyed by Capital IQ expect $1.33.

The company expects revenue for the full year of $1.93 billion to $2.03 billion. Three analysts polled by Capital IQ expect $1.99 billion.

Shares traded 2% higher in after-hours activity.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment